Village Continues Simple Interest Loans with Solution Bank

A budget follow-up memo indicates the Village of Poplar Grove currently holds three simple interest loans, including for the public works building and a snowplow, through Solution Bank. The bank affirmed there is no legal barrier to municipalities using simple interest loan structures.

Document date · April 8, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Existing simple interest loan contracts for facilities and equipment are in place; lengths and maturity dates are not specified in the memo.

Document type

Agenda

Source document

Village of Poplar Grove Board of Trustees Meeting Agenda April 8 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Poplar Grove village?

Solution Bank was awarded this financial services contract by Poplar Grove village, as recorded on April 8, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in Village of Poplar Grove Board of Trustees Meeting Agenda April 8 2026 (Agenda), dated April 8, 2026 from Poplar Grove village. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Solution Bank hold?

Solution Bank may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Poplar Grove village currently buying?

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